Regional implementation team: PCAF Europe

PCAF Europe

The PCAF Europe team is formed by all financial institutions with headquarters in Europe that participate in PCAF, except those from the Netherlands, which have its own PCAF team (i.e. the PCAF Dutch team)

PCAF Europe is led by a regional chair, Mr. Tjeerd Krumpelman, Global head of Business Advisory, Reporting & Engagement at ABN AMRO, and member of the PCAF Steering Committee. Mr. Krumpelman is a prominent leader in the climate finance realm in Europe and has extensive experience in emissions accounting and reporting of financial portfolios.

The team enables peer-to-peer collaboration to share experiences and lessons learned among its members regarding the implementation of carbon accounting methods in their portfolios. Team members will adopt the Global Carbon Accounting Standard and eventually develop bespoke local guides to facilitate application in different national contexts.

By measuring emissions financed by their loans and investments, members of PCAF Europe take the first step required to assess climate-related risks, set targets in line with the Paris Climate Agreement and develop effective strategies to decarbonize our society.

As the group grows and gains experience, national teams are also encouraged to be formed.

PCAF Dutch Team

Dutch carbon accounting work

In 2015, fourteen financial institutions from the Netherlands started collaborating to develop and implement carbon accounting methodologies for eight asset classes in a harmonized manner. Since then, the group has been growing and produced two carbon accounting reports, one in 2017 and in 2018.

At the COP25 in Madrid, the PCAF Dutch group unveiled their third carbon accounting report. With updates and new methods, the group makes a significant contribution towards harmonizing the way financial institutions measure emissions financed by loans and investments.

New asset classes have been added to the methodology and new tools are available for the growing number of financial companies who want to use the PCAF methodology. Participating institutions in the Netherlands represent €2 trillion of assets under management, many of whom already publicly disclose the associated carbon footprint.